Businesses will hire more workers this year, if the central bank is right.
The jobless rate ended last year at 5.8 per cent, and a number of surveys have pointed to job security as one of the major concerns facing Australians.
But the Reserve Bank of Australia has noted there has been that a recent modest pick-up in full-time employment, rather than part-time.
"Forward-looking indicators point to a pick-up in employment growth," it said in its quarterly monetary policy statement released on Friday.
The RBA is pinning its expectations on a mopping-up of spare capacity in the labour market, which has limited wage rises.
If so, the downward pressure on wages could "ease further" this year.
Share
